GLOBAL MARKETS: Japan's Nikkei rises, brushes aside election
SYDNEY, July 12 (Reuters) - Japanese shares rose and the yen largely held its ground in early trade on Monday, with investors seemingly indifferent to a major election loss suffered by Japan's government over the weekend.
"It's political paralysis," said Gerry Curtis, a professor at Columbia University. "Kan is not going to quit and it's going to be very difficult to govern."
LONDON, July 9 (Reuters) - Potentially robust second-quarter corporate earnings and more clarity on the state of European banks in the coming week should help calm investors stressed by a possibility of a double-dip recession.
"In the past three weeks we've downgraded our view in order to take into account the deteriorating state of the global economy. But we're not in a camp to expect a disaster," said Alain Bokobza, head of global asset allocation strategy at Societe Generale.
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